| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $80M | — | $179M | — | -55.6% |
| Op. Income | -$43M | — | $55M | — | -177.1% |
| Gross Margin | 10.3% | — | 43.3% | — | -33.0pp |
| Net Margin | 730.2% | — | 117.5% | — | 612.7pp |
| EPS (Diluted) | $1.25 | — | $0.75 | — | 66.7% |
| Free Cash Flow | -$129M | — | -$10M | — | -1227.4% |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $8M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $11M |
| Operating Expenses | $51M |
| Cost & Expenses | $122M |
| OPERATING INCOME | -$43M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $623M |
| INCOME BEFORE TAX | $581M |
| Income Tax Expense | $205.0K |
| NET INCOME | $581M |
| D&A | $22M |
| EBIT | -$43M |
| EBITDA | -$20M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $581M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$676M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$88M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$36.0K |
| NET CASH FROM INVESTING | -$93M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$129M |
| Net Change in Cash | -$138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $698M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $134M |
| TOTAL CURRENT ASSETS | $833M |
| PP&E (Net) | $761M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $792M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $6M |
| Short-Term Debt | $16M |
| Deferred Revenue | $61M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $196M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $445M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$182M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$182M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $1.2B |
| Net Debt | $496M |
